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You liked the script? Try it in the MetaTrader 5 terminal
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- 5250
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- Published:
- 2019.01.27 16:27
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Theory :
McClellan summation index, as is (originally published here : McClellan Summation Index - Smoother) is a bit difficult to use due to lack of obvious signals. But, unlike the McClellan oscillator, the summation index does not necessarily oscillate around the zero value. This version is adding floating levels to it in order to help finding signals in an easier way
Usage :
You can use color changes as signals
![McClellan Oscillator - smoother with discontinued signal lines](https://c.mql5.com/i/code/indicator.png)
McClellan Oscillator - smoother with discontinued signal lines
![McClellan Summation Index - smoother](https://c.mql5.com/i/code/indicator.png)
McClellan Summation Index - smoother
![McClellan Oscillator - smoother with floating levels](https://c.mql5.com/i/code/indicator.png)
McClellan Oscillator - smoother with floating levels
![RSI of smoother average](https://c.mql5.com/i/code/indicator.png)
RSI of smoother average